By Liam Fitzgerald, CFP^®*

Why do smart doctors routinely make huge financial mistakes and poor decisions about money? It’s not that they’re ignorant about financial matters, but usually because they’re swayed by powerful underlying emotions that they’re not even aware of.

These commons mistakes include overspending, running up credit card debt, selling stocks after a huge market drop, keeping cash in accounts earning near 0% interest, and living more frugally in retirement than necessary. You may feel powerless to make changes. However, if you can discover the unspoken emotional needs driving your damaging financial behavior, there are effective ways to correct those mistakes.